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20.10.2017 – Movers and Shakers by Dukascopy

This has been a volatile week on the FX markets, so let’s see where the 8 majors stand at 3 PM GMT on this Friday. Sterling/Canada is the mover of the day with a gain of more than 1%. Sharpest rise took place only after noon GMT. UK public sector net borrowing increased, but less […]

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Global macro overview for 20/10/2017

The headline reading, Retail Sales With Auto Fuel, was released at the level of -0.8% after 0.9% increase a month ago. The market consensus was at the level of -0.1.%. Moreover, the data indicated that the underlying pattern in the retail industry is one of growth; for the three-months on three-months measure, the quantity bought […]

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Global macro overview for 20/10/2017

The recent comments from Bank of Japan Governor Kuroda did not cause any substantial reaction on financial markets. During his today’s speech, he reiterated that weakness on the price front is going on and prices will rise towards 2%, so this was nothing new for market participants. In late September, Japanese Prime Minister Shinzo Abe […]

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BITCOIN Analysis for October 20, 2017

BITCOIN has been quite corrective after the recent impulsive bullish bounce off the $5,000 support area. The bullish trend is expected to push the price higher towards $6,000 price level but ahead of the upcoming November Bitcoin Split the price seemed to be correcting itself in the run to the upcoming volatility in the market. […]

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20.10.2017 – Midday Snapshot by Dukascopy

We have reached the midpoint of the last trading day of this week, so let`s see how market players have managed to work out the rate shifts. Euro/Dollar has declined by 67 pips and it puts the pair point 28% in the red at 12 o’clock. Turnover is average and sentiment of the traders is […]

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Technical analysis of USD/JPY for October 20, 2017

USD/JPY is expected to continue the upside movement. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is above its neutrality level at 50 and lacks downward momentum. To conclude, as long as 112.70 is not broken, look for […]

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Fundamental Analysis of USD/CHF for October 20, 2017

USD/CHF has been quite volatile with bullish gains and is currently trading inside the resistance area range between 0.9770 and 0.9860. USD has been quite positive amid economic reports recently which helped the US currency to gain over CHF and counter well. Recently, Switzerland’s Trade Balance report was published with an increased figure of 2.92B […]

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Bank of England Change Tone

Dovish commentary from some Bank of England members, back tracking from their previous hawkish tone. Soft UK retail sales data, which is contracting. Choppy trading for the Euro given the political instability surrounding Spain. USD boosted by US tax cut progress. You can view this video and the full video archive on the Dukascopy TV […]

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20.10.2017 – Spike Controller by Dukascopy

The trading week may be coming to an end, but don’t let your guard down and compare your broker’s price feed with the Spike Controller. Euro/Dollar’s average and peak long time spreads stand at point 29 and 1.7 pips, respectively. This pair saw a drop this morning, losing point 57% or 67 pips from its […]

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23.10.2017 – Economic Calendar by Dukascopy

Hello traders, let’s see which news releases stand out on Monday, the 23rd of October. Coming up first at 12:30 PM GMT is the Chicago Fed National Activity Index for September. The Index slipped in the negative territory in August as industrial production and personal consumption both went down. Canadian Wholesale Trade for August is […]

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Is it a bird? Is it a plane? No it’s Angela Merkel

German Chancellor backs up UK PM May When you are down there is nothing like a friend who can give you a helping hand to give you a lift. Yesterday, Theresa May who is in a fight to save her job and keep her shattered Conservative Party together, got the support she greatly needed and […]

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Stock Market News (European Open) – Financials, basic materials on the rise in Europe; Japanese indexes at multi-year highs ahead of elections

In Asian markets, the Nikkei 225 and the broader Japanese index, the Topix, finished the day marginally higher, closing at their highest since October 1996 and July 2007 respectively. Hong Kong’s Hang Seng added 1.2% after yesterday’s sell-off and the Shanghai Composite rose by 0.3%. Australia’s S&P/ASX 200 advanced 0.2%. Japan will be going to […]

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Technical analysis of NZD/USD for October 20, 2017

Our first target which we predicted in yesterday’s analysis has been hit. NZD/USD is still uder pressure. The pair accelerated on the downside and is trading below its descending 50-period moving average. The relative strength index is below its neutrality level at 50. To conclude, as long as 0.7060 holds on the upside, look for […]

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Technical analysis of USD/CHF for October 20, 2017

Overview: The USD/CHF pair continues to move upwards from the level of 0.9744. Since the trend is above this level, the market is still in an uptrend. Furthermore, the trend is still strong above the moving average (100). The USD/CHF pair didn’t make any significant movements yesterday. Hence, the market is indicating a bullish opportunity […]

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Technical analysis of NZD/USD for October 20, 2017

Overview: The NZD/USD pair has dropped sharply from the level of 0.7067 towards 0.6972. Now, the price is set at 0.6985 to act as a minor suport. It should be noted that volatility is very high for that the NZD/USD pair is still moving between 0.7020 and 0.6900 in coming hours. Furthermore, the price has […]

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Diving into Traders Psychology, What is It and How to Use It

Trader’s psychology is a frequently used term, for good reason too – it is a collection of multiple characteristics that are important to be able to follow your trading strategy and achieve your investment goals. Let’s take a look at those characteristics:   Trader’s Psychology Trading Discipline Perspective Mental Fortitude Stress management Risk Management   […]

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Bitcoin analysis for 20/10/2017

BITCOIN analysis for 20/10/2017: On October 16, Ilan Goldfajn, president of the Central Bank of Brazil (Banco Central do Brasil), disregarded Bitcoin. He said: “Bitcoin is a financial asset without the ballast people buy because they believe it will grow. This is a typical bubble or pyramid.” Many huge jumps in value made Goldfajna’s unfavorable […]

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Trading plan for 20/10/2017

Trading plan for 20/10/2017: The US Senate approved the budget for 2018 yesterday. In the first reaction, EUR/USD fell from around 1.1850 to 1.18. USD/JPY shot up to 113.30 and GBP/USD went down at 1.31. US Dollar gains versus other majors without exception and in the Asian session, the weakest are JPY and NZD and […]

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20.10.2017 – Trading Signals by Dukascopy

These are the Friday’s Dukascopy Daily Trading Signals and here’s how the technical studies line up with the interbank sentiment at 8 AM GMT. Most of the hourly studies are pointing South for the Euro/Dollar. Mid term outlook is neutral and long term brings mixed results. Interbank sentiment is bullish at 17% long. Pound/Dollar has […]

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U.K. Inflation Is at 5-Year Highs, but Why is the Pound Dropping?

British inflation is surging, and the Bank of England (BOE) is seriously considering raising interest rates sooner rather than later. So then why is the British Pound failing to pick up speed? The answer lies in Mark Carney’s latest warning on Brexit.   The U.K.’s consumer price index (CPI) reached 3% in the 12 months […]

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Daily financial news by- Binary.com- October 20th, 2017

Stay informed about headline news and trends across the world’s ever-fluctuating financial markets through binary TV. From stocks and Commodities to global currencies, Indices, and more, we help you keep up-to-date with our Daily Financial Market News, all brought to you exclusively from binary.com Daily financial news by- Binary.com- October 20th, 2017

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Technical Analysis – GBPJPY stuck in 2-week range under key 150 level

GBPJPY has been trading in a range during the past two weeks and is pivoting around the 20 and 50-period moving averages which are converging around the 148.50 level. This also happens to be the 38.2% Fibonacci retracement of the recent rally from 141.34 to 152.85. Support is expected at the 50% Fibonacci at 147.11. […]

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Forex Market Review (Asian Session) – Dollar faces tailwinds on 2018 fiscal budget approval; kiwi plummets as economic risks grow

The approval of a budget blueprint for the 2018 fiscal year, drove the dollar higher against its major counterparts on Friday in Asia, while the kiwi extended its losses in the face of economic uncertainties which might emerge under the new coalition government. Trump’s tax plan, which promises substantial tax cuts to businesses and individuals, is ready to move to the House […]

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Burning forecast 10/20/2017

Burning forecast 10/20/2017 The crisis of Catalonia played against the Pound – but the trend has not been reversed. We continue to buy the GBPUSD pair. On Thursday, the rate of the pound along with the Euro came under selling pressure. I believe that this is due not only because of the U.K.’s difficult negotiations […]

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Trading plan 10/20/2017

Trading plan 10/20/2017 Euro cannot determine the direction, but the traffic is close. The pair EUR/USD attempted to organize growth rate on Thursday, but for the third time in a week, it could not overcome the downward resistance line of the day order (the TD-line, or Tom DeMarck’s line, is marked by a thick line […]

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Fundamental Analysis of EUR/CAD for October 20, 2017

EUR/CAD has been impulsively bullish recently, heading upwards. CAD has weakened amid recent economic reports that helped EUR to gain momentum against. Today, German PPI report was published with a positive figure, showing an increase to 0.3% from the previous value of 0.2% which was expected to decrease to 0.1%. Besides, Current Account report is […]

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Ichimoku indicator analysis of USDX for October 20, 2017

The Dollar index reached the short-term 93 support level and bounces higher now. Price is in a short-term neutral trend as the index is mainly moving sideways between 94-93 levels. Blue line – resistance trend line Rectangle – support The Dollar index has reached the upper boundary of the 4-hour Kumo (cloud). 93.50 is the […]

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